2022
Exports
$5.45MWorld Rnk 55 / 194
Flag Rnk 671 / 1216
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$20.9MWorld Rnk 35 / 223
Flag Rnk 559 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $5.45M in Spices, making it the 55th largest exporter of Spices in the world. At the same year, Spices was the 671st most exported product in Portugal. The main destination of Spices exports from Portugal are: Spain ($1.19M), Kuwait ($552k), Japan ($433k), Angola ($370k), and United Arab Emirates ($366k).

The fastest growing export markets for Spices of Portugal between 2021 and 2022 were Singapore ($206k), Japan ($69.3k), and Denmark ($48.3k).

Imports In 2022, Portugal imported $20.9M in Spices, becoming the 35th largest importer of Spices in the world. At the same year, Spices was the 559th most imported product in Portugal. Portugal imports Spices primarily from: Spain ($13.9M), France ($1.87M), Netherlands ($1.62M), Germany ($858k), and Poland ($757k).

The fastest growing import markets in Spices for Portugal between 2021 and 2022 were Netherlands ($161k), Japan ($126k), and Iran ($92.6k).

COMPANIES In 2023, leading companies such as Home Depot (1) were at the forefront of shipping Spices from Portugal to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Spices. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.45M
IMPORTS (2022)$20.9M
NET TRADE (2022)-$15.4M

In 2022, Portugal exported $5.45M in Spices. The main destinations of Portugal exports on Spices were Spain ($1.19M), Kuwait ($552k), Japan ($433k), Angola ($370k), and United Arab Emirates ($366k).

In 2022, Portugal imported $20.9M in Spices, mainly from Spain ($13.9M), France ($1.87M), Netherlands ($1.62M), Germany ($858k), and Poland ($757k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Singapore$206k (174%)
Japan$69.3k (19.1%)
Denmark$48.3k (88.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Portugal WERE (2021 - 2022):
Germany-$458k (-56.7%)
France-$380k (-66.9%)
Kuwait-$254k (-31.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Spices were:
In 2022, Portugal's main importing competitors in Spices were:

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $410k
TOP IMPORT POTENTIALIndia+ $362k

Spices’s highest export potential is Spain. With an export gap of $410k.   Spices’s highest import potential is India with an import gap of $362k.

See methodology.

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